Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

The volatile rhythms of solar and hydro are reordering the price clock of the power market

In the Philippines, the sun now plays a bigger role in setting electricity prices than the president does. What was once a relatively predictable intraday pricing pattern—mild in the morning, peaking by mid-afternoon, and tapering into the night—has begun to warp under the growing weight of renewable energy. Solar in particular, with its abundant but erratic midday generation, has upended the traditional cadence of supply and demand. The result? A midday glut, creeping evening peaks, and a market struggling to keep tempo.

Green Tiger Markets PH Electricity May Update

The GTM team continues to build on successes.  This past month we passed over TEN MILLION HOURS worth of orders placed that were either matched or in the market for at least 1 day.  These orders represent generators looking to forward hedge their offtake or find replacement power.  The orders also represent RES looking to manage their load exposures when they don't have enough supply, or unload excess when they have too much. Thank you to our market participants!  We could not have gotten to where we are without you!

 We continue to be encouraged by the engagement of our dedicated customers and I am impressed by the skill at which haggling is taking place.  Liquidity is building rapidly as new entrants are coming to the market and existing players are using GTM for a greater proportion of their hedging needs.

Volatility, however, continues to remain the leading ugly characteristic of the WESM spot market.  Negative prices were observed for several hours this past month.  With all of the solar being energized, we expect to see more volatility to the downside during the midday period.

It has been an incredibly exciting month for the Green Tiger Markets team. We are thrilled to announce that we have successfully completed our first trade on the GTM Marketplace, matching a Generator and a RES for August through December Luzon Around the Clock (RTC). This achievement represents a significant milestone for the Philippines Electricity Market and we are honored to be the first and only marketplace to arrange a financially settled CFD for Philippines Energy.

In the Philippines, energy is not just a utility—it is the cost of everything.

From the price of a sack of rice to the productivity of a manufacturing facility, electricity underpins every facet of economic life. The nation’s high electricity costs and volatile power prices stifle growth, burden businesses, and erode the welfare of everyday Filipinos. Modernizing the power industry is not just a commercial imperative; it is a necessary condition to economic prosperity.